LGOV Fees and Costs — First Trust Long Duration Opportunities ETF
Data updated: 2026-09-24
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $83K in broker commissions, 0.0127% of average net assets, and portfolio turnover was 158%.
LGOV Fees and Expenses
Annual operating expenses and sales charges of LGOV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
LGOV Costs Over Time
On $10,000 invested in LGOV, assuming 5% a year before costs, total costs come to $318 over 5 years, cutting the return by 0.53% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $318 |
| Value after costs | $10,447 | $11,403 | $12,445 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
LGOV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0127%
- Total broker commissions: $83K
- Bought from dealers (principal trades, not a cost): $909.7M
- Portfolio turnover (prospectus): 158%
- Securities lending: none during the year
LGOV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $82K | 99.13% |
| GOLDMAN SACHS & CO. LLC | $315 | 0.38% |
| RBC CAPITAL MARKETS, LLC | $211 | 0.25% |
| BTIG, LLC | $192 | 0.23% |
LGOV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $145.2M | 18.59% |
| BARCLAYS CAPITAL, INC. | $121.1M | 15.50% |
| STONEX FINANCIAL INC. | $102.4M | 13.11% |
| CitiGroup Global Markets Inc. | $84.1M | 10.76% |
| MORGAN STANLEY & CO. LLC | $66.7M | 8.54% |
| Goldman Sachs & Co. LLC | $65.1M | 8.34% |
| BMO CAPITAL MARKETS CORP. | $64.0M | 8.19% |
| BNP PARIBAS SECURITIES CORP. | $49.3M | 6.32% |
| BOFA SECURITIES, INC. | $46.9M | 6.00% |
| Mizuho Securities USA LLC | $36.3M | 4.64% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.